You are on page 1of 7

ENTREPRENEURSHIP

MANAGEMENT
A DOCUMENT ON

(an endeavour of sandeep maheshwari)

SUBITTED BY : PRABHAKAR KUMAR


G. VINAY
CONTENTS

1 ABOUT FOUNDER

2 SOURCE OF IDEA

3 IMAGESBAZAAR.COM OVERVIEW

4 THE IMAGEBAZZAR PHILOSOPHY

5 WHAT IMAGEBAZZAR OFFER

6 ADVANTAGE IMAGESBAZAAR.COM

7 BUSINESS TRANSFORMATION

8 SANDEEP'S VISION

9 CONCLUSION

10 BIBLIOGRAPHY
ABOUT FOUNDER
AT 29 years, Sandeep Maheshwari's life reads like a fairy tale in which a college dropout from a
middle-class background faces countless adversities to become one of the most wellknown
entrepreneurs of India. Not surprisingly, India's leading business weekly, Businessworld,
recently adjudged Sandeep as one of India's Most Promising Entrepreneurs. On the surface,
Sandeep Maheshwari might appear plain lucky to have started the right business at the right
time. But like all success stories, there's a lot more to Sandeep's success story than just plain
luck. Before the success of Mash Audio Visuals Pvt. Ltd. (of which ImagesBazaar and ShotIndia
are a part), he had tried his hand at six businesses, but in vain. At the age of 21, he had
authored a book on marketing. But when no publisher was ready to take it on, he published it
himself. Out of the first print run of 1,000 copies, barely a hundred were sold. The book might
have failed but look carefully and you will see that's a very special book. Unlike most books, the
pages need to be turned left to right rather than right to left. If you are wondering why, you just
need to read the first page that asks, If you can't even change the way you read, how can you
change the way you think? Sandeep's attempts at creating something unique did not end there.
At 23, he created a world record in photography by taking more than 10,0000 shots of 122
models in just 10 hours and 45 minutes.

SOURCE OF IDEA
As a photographer, Sandeep would regularly get queries from advertising agencies who wanted
to use his pictures for their campaigns rather than shooting fresh images. That's when he
thought of creating a website with a stock of pictures that he had already shot. Some research
on the internet revealed that 'Stock Photography' was a well-established industry worldwide.
However, he discovered that there was no stock photography agency providing creative images
with Indian faces. This helped him firm his plans and work started in earnest in March 2005, and
the website www.imagesbazaar.com was launched in February 2006.

IMAGESBAZAAR.COM OVERVIEW
According to many surveys, in visual communication, a product of service meant for a particular
population has better chances of success if it carries a face that viewers can relate to. With
India emerging as a leading market for an ever-increasing range of products, there has been a
surge in demand for images that show an Indian face in an Indian setting. ImagesBazaar.com
offers an immense advantage with its vast database of images that are reflective of India. But
creating this website was no easy thing for Sandeep. As a photographer, he was well-versed
with the artistic and creative side of his business but the real challenge lay in understanding and
implementing the right kind of technology SOURCE OF IDEA.
ImagesBazaar is a fully owned subsidiary of Mash Audio Visuals Private Limited. ImagesBazaar
provides creative professionals all over the globe with an imperative resource for searching,
purchasing and downloading Indian images. At present, over 7000 clients in more than 45 countries
are using images from ImagesBazaar for their advertising and marketing communication.
THE IMAGEBAZZAR PHILOSOPHY
ImagesBazaar was launched with a burning desire to create the World's largest collection of
creative images with Indian faces.
India's diversity and complexity can be witnessed through its people who reflect past traditions,
cultures and values associated with their distinctive regional customs, habits, food & festivals that
are distinctively Indian.
All the images on ImagesBazaar are indicative of the innate expressions of deep-rooted feelings
of individuals through which spring their day-to-day actions, postures and expressions. Indians
believe in sharing happiness and sorrow together as a community. While doing so, Indians share
unique mannerisms and expressions which are captured in our extensive library of creative
imagery.
WHAT IMAGEBAZZAR OFFER
According to many surveys, in visual communication, a product or service meant for a particular
population has better chances of success if it carries a face that viewers can relate to. With India
emerging as a leading market for an ever-increasing range of products & services, there has been
a surge in demand for images that show an Indian face in an Indian setting.
ImagesBazaar offers an immense advantage with its vast database of images that are reflective of
India, making them available in the most accessible way. From contemporary Indian imagery to
the broadest range of categories depicting Indians in virtually all walks of life, age groups and
expressions - you will find it all here!
We believe our success comes from our focus on areas that matter most to our customers from
the following domains:
Advertising Agencies
Creative Professionals in Design

Corporate Marketing Firms

Print Publishers

Web-Based Professionals

Small and Medium Businesses

ImagesBazaar is the first Indian company in the world to employ full time creative researchers for
studying market trends and consumer needs. This ensures that the images produced are not just
exceptional in quality but also extremely relevant.
Some other services offered by ImagesBazaar range from photography, production, coordination,
art direction, location, casting, make-up to costumes and styling.
ADVANTAGE IMAGESBAZAAR.COM
According to many surveys, in visual communication, a product of service meant for a particular
population has better chances of success if it carries a face that viewers can relate to. With
India emerging as a leading market for an ever-increasing range of products, there has been a
surge in demand for images that show an Indian face in an Indian setting. ImagesBazaar.com
offers an immense advantage with its vast database of images that are reflective of India.

DIFFICULTIES FACED
But creating this website was no easy thing for Sandeep. As a photographer, he was well-
versed with the artistic and creative side of his business but the real challenge lay in
understanding and implementing the right kind of technology for fully searchable e-commerce
website. Initially, many complained that the site took over a minute for a simple search query to
display the results. With time and optimised technology, a search on ImagesBazaar.com today
takes less than two seconds. In terms of speed of page loading and navigation too, this website
has become one of the best in the world.

BUSINESS TRANSFORMATION
Having established itself as an undisputed leader in the stock photography industry, Sandeep
decided to launch another website, ShotIndia.com, under Mash Audio Visuals in September this
year. Unlike on ImagesBazaar.com where top photographers shoot the images, on
ShotIndia.com anybody can upload pictures that they have taken and when one of their pictures
is sold, they get 50 percent of the sales amount. It might be just a few months old, but
ShotIndia.com already has more than 3,000 registered members who upload thousands of
images every day. Ever looking for new heights to reach, Sandeep has set a target of over two-
milllion images on ShotIndia.com by the end of next year.

TESTIMONIALS
Rommel Mudra Rakshasa, National Creative Director of Interads Advertising Pvt. Ltd. says,
ImagesBazaar.com is a boon for India's advertising world, a world where speed is the essence
and clients hardly give time to shoot relevant pictures. In the words of Ramesh S., General
Manager, R.K. Swamy BBDO, ImagesBazaar.com has depth and breadth of expertise to offer a
rich variety of Indian images whose look and feel are unparalleled. Above all,
ImagesBazaar.com offers very competitive rates across various segments. This makes them
affordable even to the small and medium level advertisers. ImagesBazaar.com is much more
than a stock photography website for thousands of creative people. As U. Dwijendra Acharya,
Vice-President of Adsync puts it, I can't help but think of ImagesBazaar.com as an extended
arm of our company. Whenever I surf to source images from ImagesBazaar.com, there's a
distinct gleam in my eyes. I confess that I am proud to be associated with this fascinating and
offbeat website.

SANDEEP'S VISION (future plan)


With both his websites a roaring success, Sandeep is still raring to create more, bigger and
better. In his words, We will take India to the world. In a few years, we will be behind every
possible visual communication about India or Indians anywhere on the globe and that's going to
be not just through our still images but also with videos, animations, illustrations and 3D
graphics. In other words, the world will see India through our eyes.

CONCLUSION
At present, over 6,000 customers in more than 42 countries are using images from
ImagesBazaar.com and ShotIndia.com for advertising, marketing and publishing. Delivery of
images on both websites is completely online. For providing localized customer support, there is
also an all-India Toll-Free number (1800-11-6869) and local numbers for Mumbai, Delhi,
Bengaluru, Chennai, Hydertabad, Cochin, Kolkata and Ahmedabad. Sony, Microsoft, Realiance,
Phillips, Airtel, ICICI, Apollo, HP, Toyota, Times of India, Yahoo, Emaar MGF, Jet Airways, TATA,
Epson, HCL are among those who use the images regularly.
BIBLIOGRAPHY
http://www.imagesbazaar.com/
http://www.sandeepmaheshwari.com/thePerson.aspx
http://infomonk.blogspot.in/
http://youthdevelopers.com/sandeep-maheshwari-biography/